Morgan Stanley started coverage on shares of Kimberly Clark (NYSE:KMB) in a research report sent to investors on Thursday, June 21st, Marketbeat.com reports. The brokerage issued an underweight rating and a $94.00 target price on the stock.
A number of other analysts have also weighed in on the stock. Barclays set a $119.00 price target on shares of Kimberly Clark and gave the company a hold rating in a report on Thursday, March 15th. Zacks Investment Research raised shares of Kimberly Clark from a hold rating to a buy rating and set a $121.00 price objective on the stock in a research note on Wednesday, April 11th. ValuEngine cut shares of Kimberly Clark from a hold rating to a sell rating in a research report on Monday, April 23rd. Royal Bank of Canada reaffirmed an in-line rating on shares of Kimberly Clark in a research report on Tuesday, April 24th. Finally, Citigroup set a $94.00 price target on shares of Kimberly Clark and gave the company a sell rating in a research note on Tuesday, April 24th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $113.64.
Kimberly Clark stock opened at $105.34 on Thursday. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly Clark has a one year low of $97.10 and a one year high of $130.05. The firm has a market cap of $36.52 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 2.19 and a beta of 0.67.
Kimberly Clark (NYSE:KMB) last released its earnings results on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.71. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. sell-side analysts predict that Kimberly Clark will post 6.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Thursday, June 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
In other Kimberly Clark news, Director Robert W. Decherd acquired 2,000 shares of the company’s stock in a transaction on Tuesday, April 24th. The shares were purchased at an average cost of $100.05 per share, with a total value of $200,100.00. Following the completion of the purchase, the director now owns 45,444 shares of the company’s stock, valued at $4,546,672.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sandra Macquillan sold 3,045 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total transaction of $321,643.35. Following the completion of the transaction, the senior vice president now directly owns 5,642 shares in the company, valued at $595,964.46. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KMB. Avalon Advisors LLC boosted its position in shares of Kimberly Clark by 25.5% in the first quarter. Avalon Advisors LLC now owns 146,591 shares of the company’s stock valued at $16,144,000 after acquiring an additional 29,828 shares during the period. Mount Yale Investment Advisors LLC bought a new position in shares of Kimberly Clark in the first quarter valued at approximately $372,000. Dynamic Technology Lab Private Ltd bought a new stake in Kimberly Clark during the first quarter valued at approximately $1,349,000. Nicola Wealth Management LTD. bought a new stake in Kimberly Clark during the first quarter valued at approximately $2,335,000. Finally, Chesapeake Wealth Management bought a new stake in Kimberly Clark during the first quarter valued at approximately $221,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.
Kimberly Clark Company Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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